The Theater Revival: A Glimmer of Hope, but No Cause for Complacency AMC Entertainment Holdings' recent financials have sent shockwaves through the entertainment industry.
The company's 16% jump in premarket trading and record breaking second quarter revenue suggest that movie theaters are finally emerging from the pandemic induced slump.
However, a closer examination reveals a more nuanced picture. Adjusted EBITDA increased nearly 70% to $321. 4 million, marking the first time AMC has generated over $300 million in a single quarter.